EURJPY keeps the bullish bias – Analysis – 9-3-2017

The EURJPY price confirmed the continuation of the bullish attempts, to provide clear positive close above the moving average 55 , which forms the initial support at 120.00, attracted to the barrier at 122.10 that forms the first expect target in the previous report, and breaching the current barrier important for opening the way towards recording more of the targets that begin at 122.10 reaching to the top at 124.05.

Note that the continuation of stochastic fluctuation below 50 level might decelerate the price attempts to achieve the required breach, which forces it to provide new sideways trading by its confinement between the moving average 55 and the current barrier at 121.10.

Expected trading range for today is between 120.00 and 122.10

Expected trend for today: fluctuated.